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QuestionIn this assignment, i have made survey on japan country in order to open Branch of Australian based company in Japan. To open new branch in Japan, first of all wehave to analyse economy and have to make various analysis as i have made in thispaper including culture,FDI, people....Japanese Economy:
Japan is the 2
nd
largest economy in the world with GDP valued at $4.367 trillion in 2006,and a population of 127 million. The Japanese economy has highly developed industrieslike banking, insurance, real estate, retail, transportation and telecommunicationsindustries. Its heart of technology in produce motor vehicles, electronics equipment,machine tools, ships, chemicals.Japan is the 4
th
largest exporter in the world behind Germany, the US, and China.However, Japan needs to import most of its energy and food as it does not have muchagricultural land or oil reserves.Japans currency is Yen.http://www.cmsfx.com/en/forex-resources/market-analysis/country- profile/japan/#economic-profile
 
Balance Of Payments:
The
balance of payments
measures the payments that flow between any individualcountry and all other countries.Japan's current account surplus increased to 25.0 trillion yen in 2007, up from 19.8trillion in 2006, this is the second consecutive year. This was mainly due to the growth of the surpluses in the trade and income balances.
Trading partners and key imports exports:
The most important trading partners in terms of imports and exports are USA, Taiwan,Hong Kong, Singapore, China, Australia, Indonesia and South Korea. Among thesecountries USA itself imports one quarter of all japans exports.Key exports include Cars, Electronic devices and Computers and Imports include Rawmaterials such as Oils, Food items and wood, Machinery and Equipments, Textiles.The exports of Japanese for the financial year 2005 amounted to US Dollar $ 595 billionsand Japanese imports amounted to US Dollar $515 Billion for the year 2005.http://internationaltrade.suite101.com/article.cfm/japan_s_trade_buddiesandhttp://www.japan-guide.com/e/e644.html
Economic Policy of Japan:
Japan’s foreign policy is administered by the Ministry of Foreign Affairs.Japan being the largest creditor nation it supplies Overseas Development Assistancewhich holds the key in great opportunities for Australian exporters.
 
Australia and Japan enjoy excellent trade relation in bilateral trade from almost 100 yearsand Australia is the only country among few other countries which enjoys a trade surpluswith Japan.
Major Australian exports to Japan:
Coal, Iron Ore, Aluminium, Meat.Major Australian Imports:Passenger Motor Vehicle, Transport Vehicles, Civil Engineering equipment.http://www.austrade.gov.au/default.aspx?ArticleID=4545#Country%20overview
GDP Growth:
YearBillion in Yen200349054420044960582005502457Japan's economy grew at an annual rate of 1.9 percent in the first three months of 2006,topping economists' expectations. Fourth quarter (October-December) 2006 GDPestimates The figures showed a 1.3% increase from the previous quarter, an upwardrevision from the previous 1.2%. In annualized terms, GDP estimates increased from4.8% to 5.5%.
Japan’s 2007 First Quarter GDP Growth at Annualized 2.4%http://www.japaneconomynews.com/2007/03/12/cabinet-offices-revised-gdp-figures-exports-and-the-current-account-surplus/
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